I was working on a new version of the company website as a side project in addition to my usual work at the company I work for. They made it clear they did not want me to spend a lot of time on it. I built it with a customized WordPress theme with graphics and content, and the feedback was very positive. I told the CEO that I felt it was ready to go live and encouraged him to put it up to use as a marketing tool. I meant to continue working on it after it went live to add more content, but the CEO seemed to assume I would no longer work on it once it went live.
The CEO then asked me for the login info, and I discovered through another coworker that he had found someone in Mexico to continue working on it. I wasn't worried at first because I had plenty of other work to do. But just recently I saw an email that revealed the budget for "reviewing and improving the website" is 2,000,000 pesos or approximately $112,000 US. I'm absolutely blown away by the amount that he is willing to spend on a very, very simple website, that I feel is already very close to being complete. The company is supposedly very tight on money and I was doing it for $16 an hour.
I'm wondering what I should make of this, and if I should be worried about my job. It seems like they feel I am not worth the $16 an hour they pay me but are willing to spend $112,000 on something I already built. I feel like this might be a sign that either my job, or the entire company, is in trouble somehow. Or perhaps I am just being paranoid, and this doesn't have anything to do with me and is just an extremely poor decision by the CEO
To be clear: I do not feel underpaid. I am paid reasonably well considering my experience. I feel like my CEO is massively over-paying someone and I can't figure out why, and don't know what implications it has for me. Clearly something is going on that might not have anything to do with me, but could easily have implications for the company and my job.